Thread: Obama's speech hit on the currency markets

The new American president, Barack Obama, has managed once again to convince brilliantly. Affirming that "America is out * more * of the crisis, Barack Obama has managed to explain its policy and to convince almost everyone. Suggesting that sacrifices are to come, notably to reduce, according to his wishes, the U.S. deficit by half in four years, he gave a new impetus to the dollar, which had in recent days, some dying in the foreign exchange market because of rumors of nationalization of American banks.
This return of the dollar in any case much penalized the euro and the yen, which faced a new round black statistics. Side the euro area, was the publication of the GDP of Germany for the fourth quarter disappointed investors, reminding them that the crisis in the euro could be particularly long, especially because of the exposure of the area to setbacks in the countries of the Eastern Europe.

The yen has not been spoiled, despite its status as a safe haven. Indeed, the archipelago has recorded in the month of January a record trade deficit, resulting from an unprecedented drop in exports. The announcement pushed the yen to decline to face the single European currency and the U.S. currency. Investors seem to ask more questions about the economic outlook in Japan, making the yen losing its luster king against other currencies in the foreign exchange market.

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